Ever looked at your mortgage papers and spotted a number bigger than your actual loan? We dive straight into the mystery of the “priority amount” — what it is, why banks set it higher than your borrowing today, and how that bigger figure can save you time and money down the road. With Kunch in the studio, we translate legalese into plain speech and show how this one line on your mortgage can shape future top-ups, renovations, and even second mortgages.
We break down how banks pick the value they rely on, why the 1.5x rule is common, and what happens when you want to reborrow against growing equity. You’ll hear where things go wrong — like older mortgages with low priority caps and build loans that only used land value — and how a simple adjustment can keep your project moving without fresh legal work. We also talk through second-tier lending and forced sale scenarios so you understand who gets paid first and why that matters for your risk.
By the end, you’ll know how to check your current cap, when to ask your lawyer to lift it, and how to future-proof your lending for the next 10 to 15 years. No fluff, no scare tactics — just the practical steps to avoid delays, reduce costs, and keep your options open as your life and property evolve. If this helped demystify your paperwork, follow the show, share it with a friend buying their first home, and leave a quick review to tell us what you want us to tackle next.
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